Jet Airways to suspend operations from tonight

Mumbai (IANS) Jet Airways will temporarily suspend all flight operations from Wednesday night as it failed to secure interim funding of Rs 400 crore for maintaining bare minimum operations, sources said on Wednesday.
 

Jet staff hopeless, sentiment hits lowest

New Delhi (IANS) Staff sentiment at crisis-hit Jet Airways has hit the lowest as the endgame nears for the airline.

With no interim funds coming from the lenders and suspension of all its operations imminent, they have lost…

Lenders remain committed to Jet revival: PNB

New Delhi (IANS) As Jet Airways awaits emergency funding to stay afloat, the airline's lenders on Tuesday said they remain committed to its revival.

Punjab National Bank (PNB) managing director and CEO Sunil Mehta said discussions…

RBI bids for Air India's iconic Nariman Point tower

New Delhi (IANS) Reserve Bank of India (RBI) has tossed its hat in the ring for the taking over of Air Indias iconic tower at Nariman Point in Mumbai.

The central bank is learnt to have offered 10 years' lease rental as advance payment,…

Air India, SpiceJet eye Jet Airways' lucrative Dubai route

New Delhi (IANS) With Jet Airways suspending its international flights in the face of deep financial crisis and staring at closure, rivals Air India and SpiceJet are eyeing the beleaguered carrier's flying rights to the lucrative India-Dubai route.

India's March wholesale price index rises to 3.2%

New Delhi (IANS) India's annual rate of inflation based on wholesale prices rose to 3.18 per cent in March, from a rise of 2.93 per cent in February, official data showed on Monday.

Even on a year-on-year basis, the Wholesale Price Index…

Sensex, Nifty opens marginally higher

Mumbai (IANS) Key equity indices opened marginally higher on Monday led by gains in metal and auto sector stocks.

All the sectoral indices on the BSE traded in the green.

The Sensex of the BSE opened at 38,805.54…

Decision to stop flying after Monday meet: Jet pilots

Mumbai (IANS) The pilots' union of Jet Airways has deferred its decision of "no pay no work" from Monday, citing the meeting of the SBI-led lenders' consortium with the airline's management on the same day.

According to…

RCom rubbishes French media report on tax issue

New Delhi (IANS) The Reliance Communications on Saturday rubbished a media report which claimed that taxes to the tune of 143.7 million euro were waived by the French authorities for a France-based company of Anil Ambani "just a few…

Higher food prices raise retail inflation in March

New Delhi (IANS) Higher food prices pushed India's retail inflation in March to 2.86 per cent from 2.57 per cent during February, official data showed on Friday.

Accordingly, the Consumer Food Price Index (CFPI) in the month under review…